The State Bank of Pakistan has reported an improvement in its current account balance from July to December of the current fiscal year on Wednesday.
According to the details, the latest figures revealed an improvement in the current account deficit with a loss recorded at $83.1 million during the period of July-Dec FY24, meanwhile $3.62 billion of loss was recorded in the current account balance during the period of July-Dec FY23.
This positive trend is a testament to the efforts and strategies implemented by the bank to stabilize its financial standing.
The current account balance for December 2023 reflected a surplus of $39.7 million compared to the figures recorded a loss of $36.5 million in December 2022.
November 2023 saw a temporary setback, with a current account deficit of $1.5 million.
However, the overall trend indicates a positive trajectory in the State Bank’s financial performance.
It’s called a deficit not a loss.
“The current account balance for December 2023 reflected a surplus of $39.7 million”
Article title says it was a $397m surplus in dec 2023 while the body of the article says it was a $39.7m surplus.
all by banning imports and blocking opening of LCs
Please do not go by the government’s figures. They fudge such figures to hoodwink the people. In any case surplus of a few million dollars does not mean much for a country of our size. Then achieving such ‘feats’ by making the common man’s life miserable is even worse.
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